Rockstar has released an official press release announcing Grand Theft Auto V's development - as well as an online multiplayer mode.
"We are very proud to officially announce that Grand Theft Auto V is in full development," reads the statement.
"Developed by series creator Rockstar North, Grand Theft Auto V heads to the city of Los Santos and surrounding hills, countryside and beaches in the largest and most ambitious game Rockstar has yet created.
A bold new direction in open-world freedom, storytelling, mission-based gameplay and online multiplayer, Grand Theft Auto V focuses on the pursuit of the almighty dollar in a re-imagined, present day Southern California."